Meta's Shocking Quarterly Report - AI, Metaverse, and Ads
Mark Savant Mark Savant
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 Published On Aug 1, 2024

Meta is betting huge on AI.

Meta's quarterly report revealed some shocking data:
- Meta's apps are used by over 3.2 billion people daily.
- Significant growth in the US, particularly with WhatsApp surpassing 100 million monthly active users.
- Facebook, Instagram, and Threads show strong year-over-year growth both in the US and globally.
- Notable increase in engagement from young adults (18-29) on Facebook

But that's just the warm up. Mark Zuckerberg's announcement and transcript, honed in on Meta's AI initiatives and what's new with Llama and the Metaverse

In this video, we'll read through the announcement and highlight key points you need to know about this fortune 5's commitment to AI.

Join the conversation and share your thoughts in the comments below! 👇

Zuck's full transcript: https://www.facebook.com/share/p/goEW...

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Chapters:
0:00 - Introduction and Overview
1:23 - Meta's Growth and User Base Statistics
2:17 - AI Enhancements in Meta's Platforms
3:33 - AI in Advertising and Future Predictions
6:09 - Meta AI Assistant and Consumer Engagement
8:18 - AI Studio and Creator Tools
10:21 - Business AIs and Transformational Impact
12:04 - Llama 3.1 and Open Source AI
14:27 - Future of AI Compute Needs
18:19 - Strategic Partnerships and Energy Requirements
21:11 - Metaverse and Augmented Reality (AR)
24:25 - Quest VR Experiences and Future Prospects
27:41 - Conclusion and Invitation to Connect Conference

#ai #Metaverse #markzuckerberg #ainews #Meta
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